McKesson Corporation (MCK) : Btr Capital Management Inc added new position in McKesson Corporation during the most recent quarter end. The investment management firm now holds 2,200 shares of McKesson Corporation which is valued at $354,200 , the company said in a statement filed on Oct 14, 2016 with the SEC.McKesson Corporation makes up approximately 0.08% of Btr Capital Management Inc’s portfolio.
Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in MCK in the latest quarter, The investment management firm added 646 additional shares and now holds a total of 53,876 shares of McKesson Corporation which is valued at $8,674,036. McKesson Corporation makes up approx 0.19% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Daiwa Sb Investments Ltd. reduced its stake in MCK by selling 960 shares or 30.19% in the most recent quarter. The Hedge Fund company now holds 2,220 shares of MCK which is valued at $363,259. McKesson Corporation makes up approx 0.10% of Daiwa Sb Investments Ltd.’s portfolio.Raymond James Trust N.a. reduced its stake in MCK by selling 529 shares or 8.84% in the most recent quarter. The Hedge Fund company now holds 5,458 shares of MCK which is valued at $902,371. McKesson Corporation makes up approx 0.08% of Raymond James Trust N.a.’s portfolio.Chevy Chase Trust Holdings reduced its stake in MCK by selling 3,874 shares or 2.0% in the most recent quarter. The Hedge Fund company now holds 189,604 shares of MCK which is valued at $31,411,695. McKesson Corporation makes up approx 0.17% of Chevy Chase Trust Holdings’s portfolio.Washington Trust Bank boosted its stake in MCK in the latest quarter, The investment management firm added 13 additional shares and now holds a total of 1,769 shares of McKesson Corporation which is valued at $293,070. McKesson Corporation makes up approx 0.07% of Washington Trust Bank’s portfolio.
McKesson Corporation closed down -1.07 points or -0.66% at $161 with 9,79,316 shares getting traded on Friday. Post opening the session at $162.69, the shares hit an intraday low of $160.95 and an intraday high of $163.23 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, McKesson Corporation reported $3.50 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $3.34. The company had revenue of $49733.00 million for the quarter, compared to analysts expectations of $50333.03 million. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.14 EPS.
Many Wall Street Analysts have commented on McKesson Corporation. Shares were Reiterated by Mizuho on Sep 26, 2016 to “Neutral” and Lowered the Price Target to $ 183 from a previous price target of $197 .McKesson Corporation was Downgraded by Goldman to ” Neutral” on Sep 16, 2016. Company shares were Reiterated by Mizuho on Aug 11, 2016 to “Neutral”, Firm has raised the Price Target to $ 197 from a previous price target of $174 .
McKesson Corporation (McKesson) is engaged in delivering pharmaceuticals medical supplies and healthcare information technology. The Company operates through two business segments: McKesson Distribution Solutions and Technology Solutions. The McKesson Distribution Solutions segment distributes drugs and equipment and health and beauty care products across North America and internationally. The Distribution Solutions segment provides pharmaceutical solutions for biotech and pharmaceutical manufacturers and practice management technology clinical support and business solutions to oncology and other specialty practices operating in the community setting. The Technology Solutions segment delivers clinical patient care financial supply chain and strategic management software solutions as well as connectivity outsourcing and other services including remote hosting and managed services to healthcare organizations.